Initial Business Plan

[Cassidy Hamilton]

We are getting serious about buying our first property. We are working on our business plan to show to banks and/or potential financial partners. What is something that you wish you'd included in your business plan? What is the most helpful advice as we start out? Thanks!

[Aaron K.]

The most important part of a business plan especially if you are going to show it to a bank is math.  The more specific numbers, case studies, examples, and real quotes you can provide the better.  Estimates are just that but real numbers from real properties or real contractors will be helpful.  Also showing them how you analyze a property may be helpful.